SiteOne Q1 net sales up 24% to $805M; adj EBITDA doubles to $67.8M

SiteOne Landscape Supply, Inc.

2022-Q1 EPS reported $0.70 revenue$805,300,000

Net sales $805.3M (+24% YoY); organic daily sales +17%.
Net income $32.3M (up from $7.4M); adjusted EBITDA $67.8M (+97%).
Gross margin improved 240 bps to 33.4%; SG&A as % of sales down 100 bps to 28.6%.
Acquired JK Enterprise Landscape Supply; post-quarter closed BellStone and Preferred Seed.
Maintains FY2022 adj EBITDA guidance $430-450M; product inflation expected to persist.

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